Date:
28.11.86
Time:
Reporter:
8.30
A
12.30
PMS
1
have a revenue of HK$117 million and they retain one and a half
2 months' expenditure and they can spend the rest of it?
3
45
SES:
Yes.
6
MR POON:
Or they have to spend the rest of it?
7
8
SES:
Yes.
9
10
MR CHEONG:
That is really the question of
11
12
MR POON:
Is that the question of an actual
t.
13
requirement?
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15
MR CHEONG:
That is really the question I would like
16
17
18
to ask. Is the statement correct in paragraph 116 by the Director
of Audit's Report, saying that the Association's budget based on
expected income rather than an assessment of actual expenditure
19 required based on need?
Yes, Mr Chairman.
CHAIRMAN:
Is that correct?
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21
SES:
22
23
24
25
26
222
SES:
That's correct.
197
27
MR CHEONG:
That's correct. Well, thank you very much.
28
ent
29
MR HO:
May I then follow up. Have you got any
30 steps in controlling the expenditure they have borne?
31
32
33
SES:
Not the same sort of arrangement as apply
to other subvented organisations because no budget is submitted for 34 the approval of Government.
35
36
MR CHEONG:
Do you have any plans for the budget to be